The Pakistan Business Forum, co-organised by the Pakistan Embassy and the Top 500 Foreign Trade Enterprises Club, was held at the Pakistan Embassy in Beijing on Thursday. It was attended by about 100 Chinese businessmen.
Pakistan Ambassador to China Masood Khalid highlighted Pakistan’s liberal business and investment regime, describing it as the destination of choice for the Chinese investors. Inviting Chinese companies to Pakistan, he said that the country was well placed on the international index in terms of ease of doing business and the policies were most suited to Chinese investors.
Khalid said that concessions on income tax, repatriation of dividends and complete autonomy on using 100% equity had incentivised investment in the country to a large extent.
He said that Chinese businessmen could look at several industries of the country including textiles, agriculture, leather and oil and gas sectors for their investments.
“The trade volume between the two that was $10 billion in 2011 crossed $14 billion last year,” said Khalid.
He also informed and invited the Chinese investors to an International Investment Conference in Islamabad to be held on October 27-28, 2014, as an ideal opportunity to meet the business community.
The Chinese entrepreneurs shared their views on the encouraging investment scenario in Pakistan.
They pointed out that in the power sector the regulator’s and national grid’s websites provided a plethora of useful information for market research by any potential investor wanting to enter the Pakistani market.
They also mentioned the high quality of international level talent and services. In addition, financial, legal and technical consultants were readily available locally, they pointed out.
Top 500 Foreign Trade Enterprises Club Executive Chairman Zhao Yan said that under the joint efforts of the governments and enterprises, trade between China and Pakistan had increased rapidly and would maintain strong momentum.
Published in The Express Tribune, October 10th, 2014.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ